COIN setting up long after a pullback

COIN has a big jump July 13 after some good news on SEC litigation against crypto

and a court ruling was issued. It is shown here on a 15 minute chart.


Since a double top it went sideways for a week and then down trended. The anchored VWAP

bands serve to give context and serve to show dynamic support and resistance price was at the

mean VWAP on July 13th when it popped. In the price action since price did a VWAP breakout

and then a breakdown to bounce off the same mean VWAP black line and is now a bit above it.

As I believe COIN is now trending up with the relative strengths of the low and high time frames

at about the 50 level. I have set a stop loss below the VWAP line and targets as TP1 -105

TP2- 107 and TP3 -109 although the price could reach the highs of 7/13 especially if

there are legal or regulatory updates favorable to the cryptocurrency sector. I will also take

a look at RIOT and MARA.

İşlem aktif:

COIN is bouncing around in the second negative aVWAP band and so sideways.
Accumulation volume is seen Holding full position. Trade still ar risk stop-loss not
moved yet.

İşlem aktif:

COIN setting up long with BTCUSD moving higher.